RightHand Robotics today announced the close of a $23 million funding round to bring its services to customers in Europe and Japan and expand sales, engineering, and customer service divisions of the company. The RightPick platform combines proprietary machine learning-driven tech with commercially available cameras and robotic arms to complete orders by picking and sorting items in ecommerce fulfillment centers. Currently, those items are limited to 2 kilograms, but advances planned to take place with the funding will make it possible to pick up heavier items, like laundry detergent or gallon milk jugs, a company spokesperson told VentureBeat in an email.
Two years after closing a $400 million fund for biotech investing, Versant Ventures is at it again, this time with $700 million in two new funds. The first of the new funds, Versant Venture Capital VII, is a $600 million biotech fund that the venture capital firm says will be invested in 20 or more [...]
VC WATCH - VC Continues Five-Year Record Run Through 2018 - The last edition of Venture Capital Coast to Coast was in July 2017. It's been too long. Looking back as far as the June 2016 edition, most VC market trends have continued....By: McGuireWoods LLP.
K Health, the startup providing consumers with an AI-powered primary care platform, has raised $25 million in series B funding. The round was led by 14W, Comcast Ventures and Mangrove Capital Partners, with participation from Lerer Hippeau, BoxGroup and Max Ventures - all previous investors from the company's seed or Series A rounds. Other previous investors include Primary Ventures and Bessemer Venture Partners. Co-founded and led by former Vroom CEO and Wix co-CEO, Allon Bloch, K Health (previously Kang Health) looks to equip consumers with a free and easy-to-use application that can provide accurate, personalized, data-driven information about their symptoms and health.
Online education start-up BYJU'S Monday said it has raised USD 540 million (Rs 3,865 crore) in funding, led by Naspers with a significant portion also being contributed by the Canada Pension Plan Investment Board (CPPIB). The new round of funding will drive innovation for tech-enabled learning products and also fuel plans for international market expansion for BYJU'S, a statement said. "We are happy to have prominent and long-term partners like Naspers and CPPIB on board with us.
The company is among many who are bringing women and minority entrepreneurs into the male-led world of venture capitalism and angel investment.
Mark Zuckerberg-backed Byju's Is Now Among India's Five Most Valuable Startups; Raises $540M - The Financial Express
Byju's has raised $540 million in a funding round led by global entertainment group Naspers, it announced today in a statement.
Indian education startup Byju's has raised $540 million in a funding round led by South Africa's Naspers Ventures and Canada Pension Plan Investment Board. The funding round announced today roughly doubles the 10-year-old startup's valuation to $3.6 billion, making it one of the biggest education startups in the world. The new valuation also helps Byju's join the ranks of India's most valuable startups, along with Paytm, Ola, and Oyo.
The funding is led by Tiger Global Management, H Capital, and DCM. The post Chinese pharmacy platform Yaoshibang raises $133m Series D appeared first on DealStreetAsia.
Pune-based SEDEMAC Mechatronics, which builds controls for small engines and powertrains, has raised funding from venture capital fund Iron Pillar. The post India Dealbook: Iron Pillar backs SEDEMAC; Gray Matters invests in MadGuy; OneAssist fundraise appeared first on DealStreetAsia.